| | | | Index Performance | | Index | Sensex | Nifty | | Open | 9,631.59 | 2,893.25 | | High | 10,065.37 | 3,010.00 | | Low | 9,631.59 | 2,860.10 | | Today's Cls | 9,964.29 | 2,973.00 | | Prev Cls | 9,734.22 | 2,892.65 | | Change | 230.07 | 80.35 | | % Change | 2.36 | 2.78 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Suzlon Energy | 70.70 | 17.64 | | TTML | 16.00 | 15.27 | | BGR Energy | 188.65 | 14.06 | | Neyveli Lignite | 64.45 | 12.09 | | Reliance Infra | 560.90 | 10.92 | | Losers | | Piramal Healthcare | 215.00 | -6.54 | | JSW Steel | 285.35 | -5.18 | | United Breweries | 145.40 | -5.00 | | Financial Technoligies | 684.10 | -4.75 | | Thermax | 314.00 | -4.70 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,417 | 730 | | Declines | 1,124 | 467 | | Unchanged | 75 | 40 | | Volume(Nos) | 28.70cr | 59.23cr | | | | | | Market Commentary | | | Volatile but high | | Led by buying in Reliance Infrastructure and Hindalco Industries, the Sensex recovered smartly in afternoon ending 2.36% higher at 9,964. | | The market wiped out losses of over 102 points incurred in the first half after a strong bout of buying led by Reliance Infrastructure and Hindalco Industries triggered a wide spread buying. | 
| | | In a highly volatile trading session, the Sensex resumed 102 points lower at 9,632 following weakness in Asian indices. While the market was on a recovery path thereafter, the Sensex witnessed a sharp turnaround in afternoon as gains in heavyweights, power, oil & gas and Metal stocks propelled it to an intra-day high of 10,065. After gyrating 433 points during intra-day trades, the Sensex ended 230 points higher at 9,964, while Nifty finished 80 points up at 2,973.
The market breadth was positive. Of the 2,616 stocks traded on the BSE, 1,124 stocks declined whereas 1,417 stocks advanced. Seventy five stocks ended unchanged. All the 13 sectoral indices advanced today. BSE Power led the pack gaining 4.43% at 1,702 followed by BSE Oil & Gas (up 3.38% at 5,817) and BSE Metal (up 3.18% at 4,993).
Reliance Infrastructure was the star performer among the heavyweights and the stock soared 10.92% at Rs560.90. Among the other major gainers, Hindalco Industries advanced 6.61% at Rs60.45, Reliance Communications jumped 5.53% at Rs228, Tata Consultancy Services rose 4.87% at Rs524.55, National Thermal Power Corporation moved up by 4.78% at Rs151.20, JP Associates advanced 4.65% at Rs87.70, Reliance Industries gained 3.95% at Rs1,217.85 and DLF added 3.60% at Rs280.90. However, Mahindra & Mahindra, ICICI Bank, Maruti Suzuki India, ONGC and Tata Motors inched lower.
Over 2.52 crore shares of Suzlon Energy changed hands on the BSE followed by GVK Power & Infrastructure (2.23 crore shares), Reliance Natural Resources (1.18 crore shares), HDIL (0.87 crore shares) and Tata Teleservices (0.79 crore shares). | | | | | | | | European Indices at 16:00 IST on 07-11-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4303.28 | 30.87 | 0.72 | | CAC 40 Index | 3391.66 | 4.41 | 0.13 | | DAX Index | 4819.82 | 6.25 | 0.13 | | | | | | | | | | | Asian Indices at close on 07-11-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8583.00 | -316.14 | -3.55 | | Hang Seng Index | 14243.43 | 453.39 | 3.29 | | Kospi Index | 1134.49 | 42.27 | 3.87 | | Straits Times Index | 1863.49 | 44.29 | 2.43 | | Jakarta Composite Index | 1338.36 | 30.46 | 2.33 | | | | | | | | To know more about our products and services, click here. | | | | | | | “This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
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